Are You Looking for a Top Momentum Pick? Why Danone (DANOY) is a Great Choice

05.09.24 18:00 Uhr

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Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Danone (DANOY), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Danone currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for DANOY that show why this company shows promise as a solid momentum pick.Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For DANOY, shares are up 1.84% over the past week while the Zacks Food - Miscellaneous industry is up 0.09% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7.95% compares favorably with the industry's 4.87% performance as well.While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Danone have risen 10.03%, and are up 26.31% in the last year. In comparison, the S&P 500 has only moved 4.64% and 23.73%, respectively.Investors should also take note of DANOY's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, DANOY is averaging 378,029 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with DANOY.Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost DANOY's consensus estimate, increasing from $0.75 to $0.76 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that DANOY is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Danone on your short list.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Danone (DANOY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Danone S.A.

Analysen zu Danone S.A.

DatumRatingAnalyst
11.10.2024Danone HoldJefferies & Company Inc.
02.10.2024Danone BuyUBS AG
24.09.2024Danone BuyUBS AG
13.09.2024Danone HoldJefferies & Company Inc.
30.08.2024Danone OverweightJP Morgan Chase & Co.
DatumRatingAnalyst
02.10.2024Danone BuyUBS AG
24.09.2024Danone BuyUBS AG
30.08.2024Danone OverweightJP Morgan Chase & Co.
29.08.2024Danone OverweightJP Morgan Chase & Co.
06.08.2024Danone BuyJefferies & Company Inc.
DatumRatingAnalyst
11.10.2024Danone HoldJefferies & Company Inc.
13.09.2024Danone HoldJefferies & Company Inc.
05.08.2024Danone HoldJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
27.06.2024Danone HoldDeutsche Bank AG
21.06.2024Danone HoldDeutsche Bank AG
DatumRatingAnalyst
21.08.2024Danone UnderperformBernstein Research
15.07.2024Danone UnderperformBernstein Research
21.06.2024Danone UnderperformBernstein Research
20.06.2024Danone UnderperformBernstein Research
14.06.2024Danone UnderperformBernstein Research

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Danone S.A. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"